货币市场日报：5月27日

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 448 billion yuan at an interest rate of 1.40%, resulting in a net injection of 91 billion yuan after 357 billion yuan of reverse repos matured on the same day [1] - The overnight Shibor rate decreased by 5.40 basis points to 1.4520%, while the 7-day Shibor rate increased by 1.90 basis points to 1.5980%, and the 14-day Shibor rate fell by 2.10 basis points to 1.6670% [1][2] - In the interbank pledged repo market, most rates declined, with the R007 transaction ratio rising to 13.7%. The weighted average rates for DR001 and R001 fell by 6.3 basis points and 5.9 basis points, respectively, while DR007 and R007 rates decreased by 3.6 basis points and 1.7 basis points, respectively [4] Group 2 - The interbank funding market showed a balanced and slightly loose trend, with overnight rates for pledged deposits trading between 1.45% and 1.50%, and 7-day rates around 1.70% [9] - As of 5:30 PM on May 27, there were 113 interbank certificates of deposit issued, with a total issuance amount of 241.69 billion yuan [9] - The secondary market for certificates of deposit maintained a fluctuating upward trend, with the 1-year rate closing at approximately 1.715%, up about 1.5 basis points from the previous day [10]